Mine

make all-local
make[8]: Entering directory `/tmp/conary/builds/mono/mono-1.2/mcs/class/System'
** Warning: System.dll built without parts that depend on: System.Xml.dll Mono.Security.dll System.Configuration.dll
MONO_PATH="../../class/lib/net_2_0:../../class/lib/net_2_0_bootstrap:$MONO_PATH" /tmp/conary/builds/mono/mono-1.2/runtime/mono-wrapper  ../../gmcs/gmcs.exe /codepage:65001   -d:NET_1_1 -d:NET_2_0 -debug /noconfig -nowarn:618 -d:CONFIGURATION_2_0 -unsafe -target:library -out:System.dll  @System.dll.sources

Unhandled Exception: System.TypeInitializationException: An exception was thrown by the type initializer for Mono.CSharp.Report ---> System.TypeInitializationException: An exception was thrown by the type initializer for System.Console ---> System.NullReferenceException: Object reference not set to an instance of an object
  at System.TermInfoDriver.Init () [0x00000] 
  at System.ConsoleDriver.Init () [0x00000] 
  at System.Console..cctor () [0x00000] --- End of inner exception stack trace ---

  at <0x00000> <unknown method>
  at Mono.CSharp.Report..cctor () [0x00000] --- End of inner exception stack trace ---

make[8]: *** [../../class/lib/net_2_0/System.dll] Error 1
make[8]: Leaving directory `/tmp/conary/builds/mono/mono-1.2/mcs/class/System'
make[7]: *** [do-all] Error 2
make[7]: Leaving directory `/tmp/conary/builds/mono/mono-1.2/mcs/class/System'
make[6]: *** [all-recursive] Error 1
make[6]: Leaving directory `/tmp/conary/builds/mono/mono-1.2/mcs/class'
make[5]: *** [all-recursive] Error 1
make[5]: Leaving directory `/tmp/conary/builds/mono/mono-1.2/mcs'
make[4]: *** [profile-do--net_2_0--all] Error 2
make[4]: Leaving directory `/tmp/conary/builds/mono/mono-1.2/mcs'
make[3]: *** [profiles-do--all] Error 2
make[3]: Leaving directory `/tmp/conary/builds/mono/mono-1.2/mcs'
make[2]: *** [all-local] Error 2
make[2]: Leaving directory `/tmp/conary/builds/mono/mono-1.2/runtime'
make[1]: *** [all-recursive] Error 1
make[1]: Leaving directory `/tmp/conary/builds/mono/mono-1.2'
make: *** [all] Error 2